Posted on 12/16/2014 6:18:02 AM PST by Citizen Zed
Russia's ruble plunged to an all-time low against the U.S. dollar on Tuesday, despite the Russian central bank's stunning move to hike interest rates to 17 percent in an effort to support the currency.
(Excerpt) Read more at cnbc.com ...
Be interesting to see a chart with Russia’s population decline since post-Soviet breakup.
I thought the birth rate picked up the last few years.
Even with our current president, our incompetent congress, our industrial sector hobbled by often overzelous regulation, etc, our economy and people can still put their ass down like Mike Tyson slapping a 90 year old granny around.
For sure Wall Street is shorting the shiite out out of the ruble under Federale Reserve directions. European traders too. Soros was able to short the Pound all by himself so imagine what combined banksters can do.
This is all done due to Bad Vlad’s Ukraine invasion and to discourage him from going further.
Of course low oil price is also killing the ruble.
What happens when Israel starts selling LNG to Ukraine and Europe from the Tamar and Leviathan fields? Is Russia finished?
Yes, but granny can put some hurt on mike before she goes down. And she might take some friends down with her.
I would love to see the value of the ruble drop hard, and then have Putin peg it to oil, gold, or silver.
Ezekiel 38 & 39.
Yes, the 40% in this country that kicks ass despite all the obstacles can still produce.
Let's see - $18 TRILLION in debt and no real way to pay it off. Just about every stat quoted for russia could be quoted for the US, especially if 0bama, his butt boy Boehner and McConnell stay in power.
“I wonder if their nuclear arsenal is in better shape than ours?”
Are you sure we still have a nuclear arsenal?
Yes it is, thanks to Comrade Obama.
That includes the 20-25% muslim population thats having from 3 to 10 kids depending on the specific ethnic group....
http://www.danielpipes.org/13531/muslim-russia
It’s either picked up or leveled off over the past couple of years, but the working age population has to be much smaller today than in the late 1990s.
30% gold backing would be enough to create a gold backed ruble. Just look at world currencies these days. None have any gold backing though Switzerland used to have a 20-40% gold backing for its currency. Maybe 30 years ago. The Swiss were the last to give up gold backing. Even with our evil Federal Reserve in charge, our dollar had some gold backing prior to FDR's gold confiscation
What I read is Russia and China are still adding to their gold reserves these days so long term their plans are intact to ace the dollar as world's reserve currency and the world petro-trading currency via offering competing gold backed currencies. The Arabs love gold so would be natural customers for gold backed currencies.
Of course the USD is ascendant these days so these plans are long term and on hold
In the same vein as "Do we still have gold in Fort Knox?"
We also have some gold under the NY Federal Rerseve bank but most is owned by foreigners>>>>
Federal Reserve Bank of New York's underground vault in Manhattan, which holds 7,000 metric tons (7,716 tons) of gold bullion (225.1 million oz. troy), most of it in trust for foreign nations, central banks and official international organizations.
I hope Israel starts producing and selling natural gas to Europe soon. Europeans always want to diversify sources due to Bad Vlad’s heavy handedness. Plus would lead to better Israel-European relations. BECAUSE- You have to play nice with nations that sell you energy
Russia only has about 142 million people today, about 15 to 18% of them Muslim.
I agree!
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